1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
fgiga [73]
3 years ago
9

When a price floor is in effect: consumer and producer surplus is transferred to the government. some producer surplus is transf

erred to the consumers. dead-weight loss is transferred to producers and consumers. some consumer surplus is transferred to the producers.
Social Studies
1 answer:
Roman55 [17]3 years ago
4 0

Answer: dead-weight loss is transferred to producers and consumers.

Explanation: Price floor is a regulatory tool used by government to set a fixed price for goods and services. For a price floor to be effective, the minimum price must be higher than the equilibrum price of the product or service.

An example of this is the set workers minimum wage.

There are different effect of a price floor and it includes:

1. It can cause a deadweight welfare loss which is a loss in economic efficiency.

2. Reduction in the demand for goods and services.

3. Excessive supply by producers

4. Leads to market failure.

You might be interested in
how do th location and climate of the United kingdom and russia affect how each country conducts trade
AnnZ [28]
United Kingdom is surrounded with bodies of water; thus, it is easier for them to trade with people from different countries all over the world. Ships carrying various goods from different parts of the world would dock in UK ports and trade their goods for the goods found in UK. People living in UK has livelihoods that are depended on land (farming) and water (fishing).

Since UK is surrounded by bodies of water, it enjoys a milder climate compared with Russia.

Russia, on the otherhand, occupies some parts of Europe and Asia. But, Russians can not maximize the use of their land area since there are parts of Russia wherein there are permanently frozen land. Russia is also bordered by 15 countries with no access to waterways, making trading difficult but possible.

Most Russians live in the European part of the country because it has a better weather condition and trade among neighbouring countries can easily be done.
6 0
3 years ago
The iconic safavid bridge known as si-o-se-pol is in what country?
inn [45]

Answer:

Isfahan, Iran.

5 0
2 years ago
How long does it take a rock to be Roach
dezoksy [38]
I'm guessing none? because a rock is not living in the first place
7 0
3 years ago
A system of beliefs that justifies a particular social arrangement such as slavery is called
Effectus [21]
An ideology is a system of beliefs that justifies a particular social arrangement such as slavery. This often refers to a set of political views and opinions or it might be pertaining to a set of cultural beliefs. The correct answer is (d.) an ideology. 
3 0
3 years ago
3
kow [346]

Answer:

It is non reactive compare to the reactive gases

7 0
3 years ago
Other questions:
  • All of the following are basic principles found in the U.S. free enterprise system except ___. A. centralized decision-making B.
    14·1 answer
  • 1. A
    14·2 answers
  • A nation progresses socially when it has good schools, clean air and water, and more. Which of the following statements addresse
    8·1 answer
  • Part of the economic problem is that human wants are _______ . that is, humans seem to always desire more goods and services
    9·1 answer
  • People all around the world engage in trade with one another because:
    6·1 answer
  • Using the setup from the first question, imagine that you briefly touch the negatively charged rod to the can (assume that this
    6·1 answer
  • The king has refused to agree to the laws that would benefit the people
    10·1 answer
  • Ximena noticed that Sofia had created a network bridge on her new laptopbetween the unsecured wireless network and the organizat
    10·1 answer
  • How does what happen in politics and in the government affect you as an individual and in your everyday life ?
    11·1 answer
  • Which statement reflects a basic belief of Buddhism?
    9·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!